Cost of living comparison
compared to
Reykjavik vs. Magdeburg Cost of Living Summary
Reykjavik is 72.6% more expensive than Magdeburg.
- Restaurants
-
pay 50.6% more in Reykjavik
- Groceries
-
pay 63.0% more in Reykjavik
- Transportation
-
pay 27.4% more in Reykjavik
- Housing
-
pay 2.6 times more in Reykjavik
- Childcare
-
pay 40.3% more in Reykjavik
- Entertainment and Sports
-
pay 96.7% more in Reykjavik
- Clothing
-
pay 68.8% more in Reykjavik
The cost of housing, entertainment and sports, clothing, groceries, restaurants, and childcare in Reykjavik are more expensive than in Magdeburg. Notably, housing and entertainment and sports are significantly more expensive in Reykjavik.
Reykjavik vs. Magdeburg Cost Breakdown
If you lived in Reykjavik instead of Magdeburg, you would:
pay 50.6% more for restaurants
|
Magdeburg
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.43
€11.54
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.68
€10.03
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.10
€2.66
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.83
€2.43
|
$2.70
ISK345
|
|
Magdeburg vs. Reykjavik - Cost of restaurants
pay 63.0% more for groceries
|
Magdeburg
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.21
€1.90
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$7.42
€6.38
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$4.62
€3.96
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$3.83
€3.29
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$6.34
€5.44
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.52
€1.30
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.79
€0.68
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.02
€0.88
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$2.22
€1.91
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$0.65
€0.56
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$0.67
€0.58
|
$1.13
ISK145
|
|
Magdeburg vs. Reykjavik - Cost of groceries
pay 27.4% more for transportation
|
Magdeburg
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.48
€6.42
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$63.07
€54.17
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,745.96
€27,263.78
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$35.04
€30.09
|
$28.07
ISK3,592
|
|
Magdeburg vs. Reykjavik - Cost of transportation
pay 2.6 times more for housing
|
Magdeburg
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$41.35
€35.51
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$631.88
€542.67
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$430.99
€370.14
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$351.68
€302.03
|
$60.87
ISK7,791
|
|
Magdeburg vs. Reykjavik - Cost of housing
pay 40.3% more for childcare
|
Magdeburg
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$233.60
€200.62
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters | ?? |
$30,711.08
ISK3,930,404
|
|
Magdeburg vs. Reykjavik - Cost of childcare
pay 96.7% more for entertainment and sports
|
Magdeburg
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.67
€4.01
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$3.43
€2.94
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.16
€8.73
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$35.62
€30.59
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$12.26
€10.53
|
$17.18
ISK2,199
|
|
Magdeburg vs. Reykjavik - Cost of entertainment and sports
pay 68.8% more for clothing
|
Magdeburg
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$93.05
€79.91
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$35.04
€30.09
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$99.28
€85.26
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$175.20
€150.46
|
$248.79
ISK31,840
|
|
Magdeburg vs. Reykjavik - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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